Atlantic Gold puts price tag on Touqouy
PERTH (miningweekly.com) – Results from a definitive feasibility study at ASX-listed Atlantic Gold’s Touqouy gold project, in Canada, have placed a $142-million price tag on the project development.
The company told shareholders on Tuesday that the Touqouy project, which currently has an ore reserve of 9.59-million tonnes, grading 1.48 g/t gold, would deliver 422 000 oz of gold over a five-year life-of-mine.
Yearly production would reach around 84 000 oz, with cash operating costs expected to reach $622/oz.
Touqouy was expected to have a net present value of $132-million and an internal rate of return of 38%.
Atlantic Gold said on Tuesday that the Touqouy project represented the first stage of an extended production plan for the combined Touqouy and Cochrane Hill gold projects. The combined production plan involved the relocation of the Touqouy processing plant some 80 km to the east to Cochrane Hill once the operation had been completed.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















